Recent California Real Estate Law Updates
AB 2992 β Buyer-Broker Agreement Rules
High ImpactJan 2025AB 2992 requires a written buyer-broker representation agreement no later than the execution of the buyer's offer, stating compensation, services, and an expiration date capped at 3 months (no automatic renewal; entity clients exempt). Expect exam questions layering this on top of the MLS before-touring policy.
Official SourceBuyer Representation Agreement Mandate
High ImpactJul 2025California follows the NAR settlement by requiring written buyer representation agreements before showing properties. Agents must disclose compensation terms upfront.
Official SourceAB 1033 β ADU Condo Conversions
High ImpactJan 2025Assembly Bill 1033 allows homeowners to sell accessory dwelling units (ADUs) as separate condominiums, creating new property ownership and transfer questions on the exam.
Official SourceNote: This information is for reference only. Always verify current requirements with the DRE.
